The Valspar Corp.
December 3, 2001
The Valspar Corp., Minneapolis, announced that its board of directors authorized the repurchase of up to 2 million shares, or 4% of the company's outstanding common stock, over a period of 12 months. The action, a renewal of similar previous annual repurchase authorizations, allows periodic purchases in market transactions or negotiated private purchases, the company said. No shares were repurchased during the company's recently ended fiscal year.